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Spectra7 Microsystems Inc closes $7,000,000 public offering of units


Friday, 28 Mar 2014 09:03am EDT 

Spectra7 Microsystems Inc:Closed previously announced public offering of 23,333,333 units at a price of $0.30 per unit.Gross proceeds will be $7,000,000.Units were offered for sale by a syndicate of agent led by Canaccord Genuity Corp. as sole book-running manager.Use net proceeds to repay indebtedness, for working capital and balance for research and development and general corporate purposes. 

Company Quote

0.63
-0.01 -1.56%
3:59pm EDT